Blue Bird Centre Ltd . ( BBCL ) reported the following data at March 3 1 ,
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Question:
Blue Bird Centre LtdBBCL reported the following data at March with amounts in thousands:
Make the company's closing entries at March
A Taccount for Retained Earnings has been opened for you. Post to that account.
Compare the Retained Earnings' ending balance to the amount reported on BBCLs statement of retained earnings and balance sheet. What do you find? Why is it important?
Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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